Performance of a mutual fund scheme or PMS portfolio is assessed with reference to a benchmark. There are various benchmarks available; the designated benchmark is the one with nearest correspondence with the composition of the portfolio. However, this comparison with a benchmark is never perfect. It is to give an indication that if you were

Are you wondering why you are getting name change and category change emails from your fund house? Last month, based on the instructions of the Securities and Exchange Board of India (Sebi), mutual fund houses recategorised their schemes. What does mutual fund reclassification mean for you and how does it impact you? Not all mutual funds have

It’s that time of the year when most companies give out annual increments and bonuses to their employees. “Most big sectors such as telecom finalise their increments on 30 June. The projection for this year is 9.4% for existing employees. Our expectation is it will remain in single digit for two reasons—lower inflation and slower

In May, the mutual fund industry went through a name change for mutual fund schemes based on the recommendation of the Securities and Exchange Board of India (Sebi). To get a sense of what it means for the consumer, we spoke to Prateek Pant, co-founder and head products and solutions, Sanctum Wealth Management. Edited excerpts: